Kuwaiti Financial Forum aims to address key economic issues

Compare Money Transfer Rates

The third Kuwaiti Financial Forum will take place today, with the top financial minds in the region discussing a variety of topics.

Central to the forum will be the question of how ongoing global economic turmoil is affecting the region specifically, and what can be done to safeguard key elements of national economy.

One such aspect of the Kuwaiti national economy which appears to be in great condition is the region’s property sector.

One leading Kuwaiti property specialist recently claimed that the nation has seen a significant improvement within property investment during the first half of 2011.

Qais Al-Ghanem, secretary of the Real Estate Union, has claimed that property investment, primarily in the form of the leasing and ownership of apartment buildings, has been on a steady upward curve.

Al-Ghanem suggests that low interest rates on bank deposits were thought to be the main reason for the revitalisation of the sector.

Investors were attracted to the obvious potential for significant returns and the whole sector consequently received a boost.

The news follows on from a report published by the investment bank Global Investment House which suggests that residential real estate markets in Kuwait and Saudi Arabia are increasingly becoming attractive for investors.

The report also suggested that rents in Bahrain remained under pressure during the second quarter of this year, but demand for affordable housing was still firmly intact.

Transfer Money to Kuwait

If you are looking to invest in Kuwait, think carefully about how you will be transferring money to Kuwait. Foreign currency exchange rates quoted by banks are almost always worse than the exchange rates available through specialist currency dealers.

So if you are looking to send money overseas, to Kuwait for example – which you will inevitably have to do if you are looking to make a property investment - be sure to compare the market before you buy your overseas currency.

Company Details

Kuwaiti Financial Forum aims to address key economic issues

Get a quick quote

Open Account with International Foreign Exchange

International Foreign Exchange are located at:
52 Brook Street, Mayfair, Greater London, W1K 5DS, United Kingdom

Get a Quick Quote

Newsletter Signup to CMT

Sign up to our foreign exchange newsletter to receive news updates directly by email

Compare Money Transfer will not Share your details!

Bank Exchange Rates Comparison

High St Bank Exchange Rate

All Rights Reserved: Copyright 2006 - 2018 Compare Money Transfer Limited offering FCA Regulated Suppliers - 34 New House, 67-68 Hatton Garden, London, EC1N 8JY. +44 (0) 843 357 4882